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trail.. and once again - he and house speaker john boehner... do 'not' sound close to a deal. heenan explains. >> president obama took his case on the road.... visiting a toy factory in pennsylvania... where he told an audience that failing to extend tax cuts for the middle class would mean a 'scrooge christmas' for millions.. >> if congress does nothing, the taxes will go up for every family. on january 1st. i am assuming that is not a sound too good to you. >> we now know that when the treasury secretary presented the latest white proposal on avoiding the fiscal cliff to house speaker john boehner thursday --house speaker john boehner says that the idea of boosting revenue by 1.6 trillion over the next decade would be a 'crippling blow' to the economy. >> ".we're at a stalemate.. .let's face it...." >> "vhope that's a figure of speech. shouldn't be talking about a stalemate." we should not even think of that term of a stalemate. >>catherine: the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans do
time obama and boehner tried putting together a big deal over the budget, that completely collapsed and this time around, the american people are getting less and less optimistic that congress will be able to reach a deal before the tax hikes and spending cuts kick in just 33 days. it is going to look bad for congress if they cannot get this done and some republicans are saying it's time to give in. politico's also reporting oklahoma representative tom cole told his g.o.p. colleagues yesterday to move forward with the president's he plan to extend the tax breaks for everyone except the top 2%. cole said that he does not agree with raising taxes for anyone but that it is time to take care of the majority of the american people first and fight for the wealthy later. that bill made it through the senate back in july but it still has not made it through the house. we're right back. you're about to watch an viewer created ad message for little caesars who proudly salutes united states veterans everywhere. >> clarksville is a small
the year deal it was an end-of-the-year deal. the obama administration was looking for the stimulus measure. they thought it would be hard for republicans to oppose a tax cuts. host: the money rigidly was going where -- the money originally was going where? guest: going to the social security trust fund. it is still going there. it is still going to social security. the treasury is making up the money and still running the money, the discount that folks are getting other taxes. host: through the general fund? how much money was given back or put into the economy? guest: about $100 billion. it is only on the first $110,000 of income. economists see it as a pretty good way to stimulate the economy. host: what is the payroll tax cut with the fiscal cliff? guest: it is expiring. host: by law. guest: if congress does nothing, it will go back to 6.2%. both sides had agreed that its usefulness had run its course and that they should probably let it expire. opponents are worried that by taking money out of a dedicated stream is going to social security could undermine the integrity of the program.
obama knows he has a deal. >> dana: i don't think -- well, one, the present doesn't have a spending cut plan. why is everyone looking at us. where is your plan, sir? now the democrats are starting to realize wait, i think they are on to us. president obama sacrificed going to hawaii with his family. going to stay behind. they will fawn over him for not going to hawaii. >> bob: that happened last year. if you accept the bush tax cut last time. family went off and obama stayed behind. it's time so just accept it. >> brian: it is the same game. the house republican and the senate democrat and president is democrat. >> eric: i can't tell you how many shows i stayed until 11:59, live show for the debt creeling to hit or the government to shut down. government would shut down, 19:55 they fixed it. obama is say nothing, i need more. boehner is saying we are further than we have ever been. >> they know where they will meet in the middle. >> dana: i think they are farther apart than ever, actually. >> eric: you do? >> dana: i do. does it show you wouldn't -- >> kimberly: absolutely not. >> kimbe
though. obama is no longer dealing with himself. now that gop leaked his offer, the next question is clear. what is their counter offer? and that gets to the real game behind the game here. the difference between what obama wants out of the fiscal negotiations and what republicans want out of the negotiations is as john noted at new york magazine that obama's demand it raise taxes on the rich is popular. he again just won an election. the gop's demand it cut medicare spending is unpopular. people don't like it. so what the gop wants is for obama to propose the medicare cuts for them. they want him to take the heat. democrats find this ridiculous, i think is the right word. given that the obama administration would happily raise taxes without cutting medicare but republicans will only raise taxes if we cut medicare. obama won't negotiate on his own and republicans are now scared to negotiate with him. joining me now is jared bernstein from budget and policy priority. great blogger. former chief economist for vice president joe biden. good to see you. thank you for being here on a f
today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, pointing out the administration offered $600 billion in cuts to healthcare and other
, because obama never worked out a deal with iraq, status of forces agreement where we would control the air space. all of this stuff is going in to syria, including the fighters from iran. so, assad has had outside help. the rebels have had none. that is a huge difference. kept them in power. but if he loses criminal of air power, he will lose the country. >> i think assad will hang no matter what. i don't think he has tremendous interest not use chemical weapons. what is interesting about what the president said it was assad and people under him. the message was directed to those people more than assad. >> bret: that is it for the panel. but stay tuned for a lighter moment in the middle of all the fiscal standoff stuff. ♪ ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. uh... um... hm... umm... uh... oh ! the windows phone 8x by htc on verizon. it features easy to navigate live tiles that are simple to customize. just pin what matters most right to your homescreen. exclusively with data sen
another recession in his second term. it will be herbert hoover obama. he has ta deal. steve, i'm calling your bluff on this whole thing. >> i'm for him for making a deal and i think he will. the republicans could pass a bill tomorrow to extend the bush tax cuts for everybody making less than 250 and then we could have a discussion about the people making over 250 from now to the end of the year but we could ensure people making under 250 don't see their paychecks, $2,000 taken out of it on january 15th and january 30th. >> why should they do that? >> why can't they protect the middle class. the president says look i have them in my budget. i went through his budget. 258 proposals on taxes or spending. 15 on medicare. total of 150 billion in cuts. we spend $7 trillion in the next ten years in medicare, five in medicaid. we spend $4 trillion in the next ten years. these are not in the ballpark. we need serious entitlement reforms. >> i think jimmy, if anything the republicans should be much tougher on spending. i think that's the leverage that they have. but i'll go back to you jimmy. i do
obama said there would be no deal to avert an economic plunge unless republicans agree to increase taxes on the wealthiest americans. and nato agreed to deploy patriot missiles in turkey to defend against syrian shells and rockets that cross the border. online, historian michael beschloss offers a snapshot of an ailing lyndon johnson, days before the former president's death. hari sreenivasan has the story. >> sreenivasan: 40 years ago this month, the man who would be remembered as an architect of the vietnam war agonized over his legacy. we have a glimpse into l.b.j.'s final months with a recording of a phone conversation he had with then-president richard nixon. you can listen to it on the rundown. and on the business desk, we answer the most frequently asked question from our "ask the headhunter" series: how do you get noticed by your dream employer? all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on wednesday, we'll examine how rising carbon dioxide levels are affecting florida's coral reefs. i'm gwen ifill. >> woodruff: an
president obama want a deal. >> this is not good for our country. it's as simple as that. you know me. i'm an optimist. >> reporter: they are promoting a reference to the middle-class tax increase if the bush era tax cuts are not extended. >>> new this morning, we're learning that mitt romney is going to the white house tomorrow. president obama is going to have a private lunch with his former rival to make good on a promise the president made in his victory speech. he said the two could talk about how to work together to move this country forward. and while in washington, romney will also meet with his former running mate, paul ryan. >>> the florida societyite at the heart that scandal -- socialite at the heart of that david petraeus scandal is speaking out. jill kellley hired an attorney. her lawyer wrote to the u.s. attorney aoffice in tampa -- u.s. attorney's office in tampa. >>> back here at home, overnight, a san francisco house fire was put out in the ingleside district. it started on the top floor of this home on capital avenue and lobo street around 10:30 last night. there were
on the rich. we have the latest from washington. >> reporter: he says he wants a deal soon to cut spending but president obama is demanding republicans vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried ceos came to capitol hill saying congress has to avoid the cliff. >> entitlements have to be touched and revenues have to be touched. >> to make sure we have revenue necessary in order to move this economy forward. >> we are willing to put revenue on the table as long as we are not raising
three weeks of dealing with the benghazi scandal and the fiscal cliff, obama is prepared to offer romney a position in the administration, president of the united states. [ laughter ] >> you've been warned, harry reid! take away mitch mcconnell's filibuster and he will strike back! by obstructing everything you do! or let him keep the filibuster so he can obstruct everything you do! [ gunfire ] >> still to come, an easy recipe perfect for entertaining. >> also the reason why the latest royal visit was extra special. for the douche -- duke and duchess of cambridge. >> are you crying? >> because the cooker -- because the workers won't make my muffins anymore. >> what religion is involved with christmas? what religion? >> christianity. >> that's not a religion. that's a philosophy. >> okay. don't tell me what i think. when i said i didn't have a problem, i don't have a problem. got it? >> give the people their billions. let's move on. >> i feel sorry for those people who won because now they're p
to be needed to get a deal done by christmas which is what president obama said he wanted. >> we will see. we'll continue to monitor the headlines that are coming out of this news conference and the market's response to it. we were up at the highs of the trading session a short while ago, up 86 points. right now the dow is up 76 points. >>> coming up in the next hour -- 54 companies announcing special dividends in november. real motive behind those is coming up on "street signs." back in a moment. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car
developments of the day: president obama said he believes a framework for a debt-cutting deal can be reached in the coming weeks, possibly before christmas. stocks rebounded on the hopeful talk in washington. the dow industrials gained more than 100 points. and the top appellate courts in egypt went on strike against president muhammad morsi's move to assume near-absolute power. morsi planned to address the egyptian people tomorrow. >> warner: online, we continue our series on social entrepreneurs with a profile of a woman who's breaking taboos. hari sreenivasan has more. >> sreenivasan: harvard business school graduate elizabeth scharpf launched sustainable health enterprises. it helps women in low-income countries to jump start businesses to manufacture and distribute affordable feminine hygiene products. find her story on our social entrepreneurs page. plus, on making sense, paul solman breaks down the pros and cons of investing in i-bonds versus 403(b) retirement savings plans. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonig
to be modified first to improve security but the report doesn't say how. >>> well, president obama says he hopes to have a deal to avoid the fiscal cliff by christmas. invest fors apparently shared his optimism and stocks closed higher. congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull off. >>> well, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon,,,,,,,,,,,,,, every time someone chooses finish over cascade, it sparks a movement. look ! no ugly spots ! and see that shine ! you've got to try finish. because once they try finish, they ca
approach. >> reporter: boehner and president obama said they are optimistic that a deal can be reached by christmas. >>> turning overseas to egypt, where opponents of president mohamed morsi are calling for a second revolution. morsi is addressing his people today. a speech in which he's expected to discuss his move last week to seize near absolute power. thousands have been on the streets of cairo protesting that move since. morsi is showing no signs, though, of backing down. >>> and with the conflict in syria showing no signs of ending, the obama administration is reportedly considering deeper intervention there. this morning's "new york times" says no decisions have been made. but several options are being looked at, including providing arms to anti-government fighters. a decision on whether to deploy surface-to-air missiles in neighboring areas is likely next week. >>> and a major milestone is expected at the u.n. today, when the general assembly votes to give statehood to the palestinians. this comes despite strong opposition for u.s. officials over fears that such a move could ha
of reach. and timothy geithner headed up negotiations for the obama administration says the deal will be hard to come by without tax hikes for higher income americans and republican leaders led by house speaker john boehner calling the president's proposal essentially a waste of time. >> i was flabbergasted. >> we've the got seven weeks between election day and the end of the year, and three of those weeks have been wasted. >> steve centanni kicks off our college tonight from washington d.c. steve, where exactly do we stand tonight? >> well, harris, democrats are hoping republicans to raise taxes on the wealthy and the republicans are accusing the white house of wasting time. and saying that he didn't have a serious proposal when he reintroduced a plan to reduce 4 trillion dollars. >> the president asking for 1.6 trillion dollars worth of new revenue over ten years, twice as much as he's been asking for in public. his system spending in here that exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. >> but so far it's the only white house of
obama says much be included in any deal. >>> they will make a final decision on whether or not people can stroll around in their birthday south. here is more from what to expect from city hall today. it should be an interesting day. >> reporter: they are putting a public nudy ban to a final vote and if it is anything like what we saw in november, we expect a lot of opponents many of whom will be naked, they had should be -- they should be showing up in full force. they stripped off their clothes to show their displeasure with the issue and we are expecting the same thing with that final vote. what it essentially does is prohibit's nudity on public streets with exceptions for parades and public festivals. many say they welcome the ban because it does not make the city a family friendly atmosphere but they say it promotes free speech and they say fines would increase $200 and the third offense $500 and some jail time as well. we are expecting lots of opponents to show up here as well. we are live in san francisco, brian flores, ktvu channel 2 morning news. >>> two mexican nationals have
@captioncolorado.com >> pelley: mr. obama explains his top condition for a deal to the way to recovery.
cliff immediately but sm something in a long-term deal and president obama made it clear he wants reform. the devil's in the details and republicans want some major restructuring. democrats really mostly want to deal with the margins but there does seem to be a sense that democrats are saying to their base, look, we might be able to de-couple the bush tax cuts, have a victory and require us making a few sacrifices coming to some entitlement programs. >> we saw speaker boehner take exception to what congressman cole said regarding taxes. have we heard democrats take exception to senator durbin, the prepared remarks versus what he actually said and word that there could be a transformation of some sort to medicare? >> we heard from democrats and like the previous guests saying, look, we shouldn't look at social security. in fact, the white house is in agreement with that. they don't believe that social security is a driver of the deficit. on the other hand, you ended up seeing where -- how do you end up tweaking medicare? do you raise the eligibility age? new poll by "the washington post"/
that going with the obama plan was an interesting tactic. you must let the congressman a great deal because, as you know, the white house has seized upon that. they're going to continue the assault. the fact of the matter is, we are now moving ahead. in this discussion if you don't acknowledge that the speaker said revenue, i eat tax hikes are on the table, and i don't care whether you call them loopholes, tax expenditures, you name it. it means, as you know better than nearly anyone, higher taxes . >> okay. two things. one, i was asked today in an interview, politico, what about kohl's proposal? it was introduced to me for the first time. i said to my it sounds like an interesting tactic. awesome the normally want a tax increase. on masterwork. evidently later today the speaker made it very clear that there will be no more freelancing on this. and so i think we will see that again. i was not endorsing it. what do you think of something about which you don't know anything, that's interesting. so, no, that is not -- lou: that was an ambassador rice moment, was it not? >> well, yes me what i
an early loss. the dow was down 100 at one point. stocks are higher now after president obama said he believed lawmakers could arrive at a framework of a deal to avoid the fiscal cliff. one analyst said we're all on pins and needles waiting for every bit of news or rumors coming out of washington. the dow is up 79. the nasdaq is up 14. s & p is up 7. >>> 400,000 unemployed californians are also closely watching the fiscal cliff negotiations in washington, d.c. that's because emergency federal unemployment benefits are due to expire december 29, unless congress extends them. in california notices of the possible loss of benefits are in the mail this week. >>> powerball ticket sales are soaring today as the clock ticks down to tonight's drawing of a record jackpot. people all over the country are joining the rush to get rich. the powerball pay off has ballooned to more than $550 million. it's still growing. there are no powerball tickets sold in california. one of eight state that is don't sell powerball tickets. many are are relying on out of state friends to buy them a ticket. others
of getting the fiscal cliff deal done before everyone's taxes go up. >> consolation lunch? president obama visits mitt romney to the white house today and everyone is buzzing about it. could obama offer him a job? >> congratulations to someone. you just won the gdp of a small nation. not just one but two winning tickets in last night's record powerball drawing. we'll tell you where. >> and if they will be my best friend soon. we have a packed show. john ba, rasso, adam shif, rick warren, tom cole, connie and mary bono mack and steven holcomb. >> we have so many people coming up. it is thursday, november 2. "starting point" begins right now. >>> good morning, everyone. our starting point this morning, developments happening now in cairo. the u.s. embassy there is closed. no one is being allowed in or out as we speak. >> embassy officials say protesters are blocking the entrance and clashes are happening near nearby. reza sayah is nearby for us. what's happening? >> reporter: there is no indication protesters are targeting the u.s. em wibassy b it was closed as a precaution. these are protes
franchisees talking about like a one franchise guy or two, you don't have to worry about the 50 employee obama care deal. but i figure there are some people that own more than -- that own enough dominos to where that makes a difference. have you heard anything about that, that that is going to impact what their plans are? >> yeah. as a company, every full time employee has access to the same health care program that i have. but for our franchisees, if they're over kind of ten stores, it may start to affect them. the big thing is all the rules are not out yet. so if you look at the period that people have to be working for you for 90 days or a year, a number of these rules still yet to be announced and that's going to make a big difference. so our people are looking at it, we're helping them, we're educating them, but i think decisions are going to be held on how we're going to handle it until after all the rules have been released. >> it would make a big difference because you have so many seasonal workers for 90 days versus the year? >> yeah, just overall cost. as you look at the turnover and
chicago crony deal. it combines obama's war on terror with the chicago way. apparently they were discussing this on air force one in march. he had already greenlighted it. particularly where these detainees might be shifted at some point. he certainly is laying the groundwork for it. particularly it says that the facility would be open to people who were detained under the authority. megyn: any act of congress three that's right. let's not be stupid about this. who else were they talking about? megyn: final question. do you believe that there was any shift of opinion on this issue in the congress right now? he believed president has the support to make this change at the moment? >> he certainly does not. although the release of the gal report is a way to try to open the door and you had dianne feinstein saying that if there is a political will to do it -- the thing is that they don't care about it. they are going to run roughshod and steamroll political will to have a chance to do so. megyn: in three minutes, a shocking video accused you turn for legal matters? maybe you want to
boehner has trouble cutting is deal is not because boehner can't cut a deal. i think in five minutes' time he and obama would come up -- >> excuse me, excuse me, you're wrong. you're wrong. all that grover has to say, all he has to say is, we're in a particular fiscal crunch right now and we've got to make allowances for that. if he did that a lot would change. >> grover only counts because these tea party guys, the 50, 60, 70 in the house, they have a theological opposition to any -- >> let's go -- >> all they're worried about being primaried from the right -- >> i know -- let's talk about the caucus you used to work with. >> very well. >> aren't there a lot of people over there if grover came out and said these are particular times, we have to make a couple adjustments. >> members of congress should not have to negotiate with grover norquist. >> but i'm asking you an open question. would that have been inflauns? >> it could but it would -- for grover he's an activist. he's someone -- he has his ideals and if he compromises on that, that's harder for him. the fact of the matter is -- list
is now coming under fire from within his own party. president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a deal is possible, but... >> this proposal now is still out of balance. >> the plan sent yesterday offers a total of 2 tth $2 trillion in deficit reduction including $1.2 trillion in spending cuts. and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is not going on publicly. >> there are no plans at this time for leaders to meet with the president at the while the house. it doesn'
over the u.s. economic outlook eased slightly after u.s. president barack obama and a top republican in congress hinted they were optimistic about a deal over the so-called fiscal cliff. the euro is edging higher against the yen and that's changing hands at 106.24-26. let's take a look at stocks now. tokyo share prices are edging higher as concerns about the u.s. economy are receding. the nikkei average at 9371, a gain of .7% from wednesday's close. export-related issues, including automakers, are leading the market advance. and taking a look at other markets open in the asia-pacific, we're seeing south korea's kospi trading higher by .9%, 1929. and in australia, the benchmark index is trading higher by .4%, 4465. we'll see where china takes us in the next hour. >>> countries around the world are accelerating moves to solidify trade relations. among them, japan and the european union are seeking an economic partnership. but france's trade minister says yeahn pa will have to meet certain conditions before that happens. eu trade ministers will begin discussions on thursday on whether t
elusive according to the secretary of state, until a peace deal is negotiated with israel. >>> president obama and mitt romney had a private lunch at the white house today. we know what they ate but no specifics about their conversation. the get together marked their first meeting since facing off in the third presidential debate. the menu included turkey chilly and southwestern grilled chicken saeid. the former rivals posed for an official autograph in the oval office. much of the hour long conversation focused on america's leadership in the world. >>> meanwhile, president obama sent vice president biden to do some christmas shopping, sort of. he went to a suburban costco to talk about the fiscal cliff and tax cuts. he took photos with shoppers, chatted up the staff and was followed around the store by a huge crowd. his favorite part, like many of us who go to costco, all those free samples. he did get around to talk tax cuts. >> i think it's important that congress acts now. i mean, right now. all that needs to be done is extend the middle class tax cut. >> he bought cookies, children'
. that president obama did not ask romney to broker a deal. the 2 simply agreed to keep in touch. >> first for new york city. this monday was the first day that anyone can remember when there was no violent crime n.new york city. for 24 hours. there was not a single report of a person being shot. stabbed. or subjected to violence of any kind. kments as city is on target to have the lowest murder rate since 1960. police attribute it to putting officers in specific 80's known for crime. >> on the subject of new york finest. one officer is certainly living up to that title. dan harris on a viral photograph of policeman and man who had no shoes. >> new york city police officer on frigid november night in times square bending down to give a homeless and shoeless man a pair of brand new boots. this scene would have gone unnoticed except jennifer foster a tourist just happened to be there. >> i heard him quite clearly say i have these size 12 all weather boots for you. let's take care of you. >>reporter: she snapped the picture and sent it to the nyp nypd. department posted it to facebook two da
obama has said he wants to get a deal done by christmas day. >>> well, tragedy on the campus of caspar college in wyoming where police say a man using what they're calling just a sharp edged weapon carried out a fatal attack. the man injured one person. that person was killed and then he went into a classroom and killed another person and then killed himself. the victims have not been identified, but police say all three, two men and one woman knew each other and they add that the attacker appeared to have worked alone. >>> we've got much more ahead this hour. >> here's a look at what's coming up. >> storming capitol hill naked. no, it wasn't a frat prank, it was a statement for aids awareness. and you won't believe whose office they took over. >> i think that what we can conclude is that we've got to be better. >>> an extreme makeover. that's what some republicans say the party needs after losing the presidency and seats in congress. all morning we'll look at how the grand old party might be looking for a bold new image. humiliating tasks and degrading exercises, all part of the thera
to pull a deal together. the real concern here is that president obama is drawing lines in the sand. some of the lines might not be able to be crossed by the republicans. that gets people increasingly worried that an overall deal can't be reached. hard to imagine in the short-term before cliff by the end of the year, they can't do something to bridge this in to a conversation next year. but when president obama says things through tim geithner that he said about raising tax rate and spend additional money, which is crazy, it makes people more concerned that a big overall grand bargain can't be reached next year. >> eric: martin, do you think a grand bargain won't be reached? >> i think it will. talk about what is going on now here first. you know, the president won the election. he campaigned on the basis of higher rates for the taxpayer income earners. no surprise. the republicans are asking shocked that the president is taking a tough line. i think they expect him to roll over and play dead. that is not the way things work in this town. he won the election. and he told the american peop
to make sense. people aren't talking about that. i don't think obama is pressured to deal with this because he got four more percentage points. >> this is the artificial crisis. the crisis of insufficiency, it's created by our actual policy. with a stroke of the pen, we can change it. with legislation like all issues that are difficult, they're difficult for a reason. it's tough to get their politically but the easiest way to go about it. let's get the numbers of visas way up there so it reflects at least some bit of reality and stop criminalizing human existence. >> business push on this as well. >> there's a business push. frankly, there's going to be a fight. even though business is on the same side as immigrant rights movement, there will be a fight between business and those groups. because business will probably, the chamber of commerce and others will want a more conservative kind of immigration reform. just to back up to your textbook example, what's important about this discussion is 15 years ago, this was not in the mainstream of discourse. it was a small group o
does not call for tax hikes on upper income americans and that's something president barack obama says has to be included in any deal. >>> two mexican nationals have been charged in the death of a coast guard officer. he was in a small boat when it was rammed by a suspected drug smuggling boat off the coast. the impact threw him and his co- worker into the water. yesterday coast guard officers from marina to marina delray remembered him. >> he was the best ship mate, he was a friend and a big brother to us all and absolutely irreplaceable. >> horn is survived by his wife and young son and they will be back in court december 17th. >>> a bomb in afghanistan has killed two nato troops. they say it happened yesterday in southern afghanistan and they didn't give us any details on the exact location or even the names of the soldiers killed. there had been at least 84 shoulders killed in afghanistan this year and most of them were americans. >>> military appeals court has removed the judge in the fort hood shooting case. they ruled yesterday that kernel gregory gross -- gregory gross was thro
a quarter of a million a year. if mr. obama and the democrats get their way, doing the deal to avoid raising the rates and avoiding the fiscal cliff, where all tax cuts and brakes expire at the end of the year. that is an election, popular at the end of the year, certainly give president obama a lot of clout right now. you can disagree or agree with the policy. that is for you to decide. republican tom cole of oklahoma happens to disagree strongly. at the same time, he recognizes the political reality that all tax cuts will expire on january one, and no one wants to raise taxes on what would amount to 98% of all the taxpayers. >> in my view, we agree we're not going to raise taxes on people that make more than $250,000, we should just take them out of this discuss right now. continue to fight against any rate increases and continue to fight for a much bigger deal. >> congressman cole joins us, the staunchly conservative editorial page of "the wall street journal is on board now. president obama's re-election means that taxes for upper income earners are going up one way or another. the quest
of medicare and put it to fund obamacare, but president obama has not put forward a plan to deal with the entitlement crisis. he put forward no plan on social security, medicare or medicaid, which he himself admits is what is driving the debt and driving the real fiscal crisis. so they have put forward no plans whatsoever, and when paul ryan and others have put forward our plans, they've pilied them for it. i'm glad president obama's meeting with simon. i'd love for him to meet with john john boehner. [laughter] megyn: simon's got a lot of good ideas. were you in that meeting with the unions and the progressive groups that the president had -- >> no. i was in a different meeting. they can't meet with all at the same time. megyn: were you in the meeting that the progressive groups emerged from feeling, quote, very happy where they felt that the white house with us not going -- was not going to offer any spending cuts? they felt those programs were all going to be protected? >> no, no, i don't think that's what was said after that meeting. i think what the democrats want is balance
of hirs campaign. he thinks he won it. >> president obama has been re-elected. >> to get a deal done, you're going to have to have higher tax rates on the top 2%. >> the one thing the republicans have going for them is they're leaning on erskine bowles. >> i heard what you were saying. you know nothing of my work. you mean my whole fallacy is wrong. >> i'm happy to be flexible. i recognize i'm not going to get 100%. ♪ >> it certainly 'tis the season and whether you're counting the days to the fiscal cliff, the debt ceiling, christmas day, or judgment day, there's much to do and not much time to do it. as for us, we're counting down the minutes to house speaker john boehner who will be lighting the capitol christmas tree 234 just about an hour. if you're among the wealthiest of americans, then, boy, does boehner have a gift wrapped for you. in republicans' counteroffer to avert the fiscal cliff, the rich get to keep their bush era tax cuts, even as the boehner budget slashes $1.2 trillion in spending, half of it from medicare, medicaid, and other social programs. it is a lump of coal del
summit from doha, carter. >> are you calling president obama's wishes and had the respond to society groups who structure to any kind of negotiated deal here in doha? >> i have no comment on the first part of that. >> democracy now! questions u.s. climate negotiator jonathan pershing about criticism of the failure to do more to cut emissions and save the planet from catastrophic climate change. we will speak with ronny jumeau and martin khor of the south centre in malaysia, and then anjali appadurai. >> you have been negotiating my whole life, you have failed to meet targets and a broken promises. >> a year after calling on world figures to do more to save the planet, the 22-year-old american college student was banned from the climate talks here in doha for the first week. she joins us today h. then we look at how the koch brothers are influencing climate policy.politic this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the death toll from a massive typhoon in the southern philippines has doubled to more than 270 people. typhoon bopha is
president obama and the republican leaders trying to reach a deal to avoid the crisis. the number two man, durbin of illinois tad saying nothing should be left off the table in search of budget cuts, and new sources of revenue, the assistant majority leader allowing the changes in the president's signature legislative achievement should be on the table. that's right, obamacare. >> put everything on the table. repeat, put everything on the tail, not just taxes and revenue, but spending cuts and entitlement reform. the only perfect law i know was carried down a mountain by senator moses. lou: what should be positive words for republicans tempered by the fact that senator durbin has no standing as the president's representative in the negotiation, and harry reid is telling a far different stories. john boehner and his caucus, the target, again, of senator reid's blame game. the senate majority leader insistent that republicans are the only onee in the way of the deal. reid asked point blank what the first thing would be, and he offered this curious answer. >> well, remember, we've already do
. continue to fight against any rate increases. continue to try to work for a much bigger deal. >> could this be the sign of an evolving republican party? one that will relent on tax increases to make a deal with president obama? house speaker john boehner said no way. >> i told tom earlier in our conference meeting that i disagreed with him. you're not going to grow the economy if you raise tax rates on the top two rates. it will hurt small businesses and hurt our economy. >> joining me now from washington, d.c., the democratic senator from washington, patty murray, a member of the senate budget committee. it is great to have you on the program. >> well, thank you, alex. nice to chat with you. >> senator, let's talk about the fiscal cliff. increasingly we are referring to it as the fiscal curve, possibly among some folks in our circle, the fiscal mole hill. you have advocated going over the fiscal cliff as a way for both democrats and republicans to make a deal and i will call to mind -- i will call to everyone's attention comments you made at the brookings institution this summer when
with the president who wants to let taxes go up on income on more than $250,000 a year. if mr. obama and the democrats get their way, doing a deal to raise those rates where all bush cuts on all tax brackets expire at the end of the year. that is something that gives president obama a lot of clout right now. you can agree or disagree with the president's policy. that's for you to decide. congressman cole happens to disagree strongly, but at the same time he recognizes the political reality that all tax cuts will expire on january 1st. >> in my view, we all agree that we are not going to raise taxes on people that make less than $250,000. we should take them out of this discussion right now and continue to fight against any rate increases. continue to try to work honestly for a much bigger deal. >> congressman cole who will join us shortly is a rock rib republican, and is no longer a lone voice in the wilderness. i'm quoting now, the fact is that republicans face a new political reality on taxes. president obama's re-election means that taxes for upper income earners are going up one
been growing after president obama and representative boehner made remarks wednesday that a deal could be worked out. now speaker boehner insists there are still many roadblocks in the way. last night, boehner offered no details but rejected the democrats' $4-trillion plan presented by treasury secretary timothy geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuses to retain t
a trillion dollars. >> and obama has put together a deal that proposes more spending, 400 billion in unspecified cuts that will be named later apparently. i thought the president wanted a balanced package. what's balanced about 4:1 tax hikes to spending cuts? >> well, first let me say harry misspoke. he meant that they've already done a trillion dollars in cuts in the last resolution and those play out over the next ten years. and that's correct. that's a fact. and the president has said consistently both on the campaign trail and after the election that he's for something on the lines of simpson-bowles which is at least 2.5:1 spending cuts to taxes. and i think he laid out the 400 and then said to the republicans you bring me other cuts and i'll consider them. and i think he understands that there will be significantly more spending cuts including on entitlements than there are taxes. >> so this is an opening point. >> an opening gambit as chris ten wel kristen welker said. the president's always been criticized by putting what he really wants on the table first. you do don't do
'reilly factor is on. tonight. >> it's not just a bad deal. this is really an insulting deal. >> bill: why is president obama alienating half the country? why won't he compromise on the budget and save the nation from bankruptcy? lou dobbs will answer those questions. >> look. the white house is a christmas tree. okay? so what's the difference? the white house has a christmas tree. >> you are wrong, bill. they call it a white house tree. >> bill: no, it's a christmas tree. barack obama calls it a christmas tree. >> bill: if barack obama says it's a christmas tree, why do some other politicians dissent? we will continue our reporting tonight on the real reason christmas is under siege. >> you are really santa, right? >> no, i'm an accountant. i wear this thing as a fashion statement, all right? >> why mondays? because of the elicit ration? tater tots on tuesday. take away weanerless mondays. >> bill: gutfeld and mcguirk running wild this evening. is this my fault? could be. >> bill: you should rough him up? pretend he is me. [ laughter ] >> bill: caution, you where to enter the no spin zone
through spending cuts, and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> thank you. >> reporter: -- a senior white house official assailed it as a step backwards saying if republicans do not agree to some higher rates for wealthier taxpayers, the nation will go over the cliff and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck, so the lack of progress has not yet resulted in a market plunge, but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. and, diane, the official deadline for the fiscal cliff is december 31st at midnight when the ball drops in times square, but there's actually another deadline. the house of representatives is scheduled to go on winter break a week from friday, so really there are only 11 days to work out a plan as of now, diane. >> talk about the clock ticking down. thanks so much, jake. >>> and, of course, the president also spoke out
obama said tax rates must rise on the wealthiest americans as part of any deal to avoid the fiscal cliff. this morning r the president met with a bipartisan group of governors at the white house. jerry brown was not among them. the group did not endorse any specific proposal on avoiding the sharp tax and spending cuts that could take effect in january. president obama says it's possible that the tax rates could later be lowered as part of a comprehensive tax overhaul. >>> police responding to an early-morning burglary in san jose are surprised at what they found. we'll have exclusive video of the discovery. >>> rosemary's back in about nine minutes to tell you more about the new storm rolling in and when rain will increase in your neighborhood. >>> it's a first of its kind set up in the bay area. ahead with a new solar facility dedicated an hour ago is getting a lot of attention. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get cha
." today president obama again made clear there will be no deal to avert the so-called fiscal cliff without the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> there you heard it again, top rates have to go up and rates. and some republicans are saying that the gop will ultimately say uncle. conservative columnist byron york, a very smart guy wrote, quote, republicans will cave on the question of raising the tax rate for the highest income americans. the only question is whether they do so before or after the government goes over the so-called fiscal cliff "new york times" column us david brooks describes it this way. republicans will be raising middle class tacks
. well, 28 days to go until tax cuts expire for most americans if president obama and congress can't cut a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the
's no deal done. congressional republicans will get 53% of the blame game. obama just 27%. now, that's an interesting development there. i looked at that all afternoon, and your view of that. >> i think it's absolutely right, number one. number two, the republicans are creating a symbol that is not good for their brand, that they're going to let the tax codes go up for the middle class to protect the wealthy. the president has framed this very well. he's talked about balance. he's talked about the 2% having to do a little bit more. and on every one of those things the public is overwhelmingly with him. one-third of mitt romney's voters believed the top 2% need to pay a little more. >> conceptually you're obviously right. the polling is right. here is my difference. the conditions in which the world lives. right now we're talking about a possible fiscal cliff. we're not off the cliff. >> right. >> if it's january 2nd or 3rd and the stock market is going down by a couple thousand points around the world. the japanese markets, european countries, countries in europe which are precarious
the house budget committee where elements of a fiscal cliff deal are to be considered. meanwhile president obama held his ground insigs on higher tax rates for the top 2% of the wealthiest americans. >>> the political wrangling but a damper on wall street as stocks finished slightly lower in a light strad trading day. the dow jones industrial lost 13, the nasdaq shed 5. shares in oakland-based pandora are plum etting after hours. the internet radio company posted better-than-expected quarterly results but lowered its outlook for the rest of the fiscal year. the company is facing stiffer competition from the likes of apple and microsoft. both companies are launching their own music service. pandora shares dropped 17% after the closing bell. >>> now, numbers and new numbers show home sales in california remain steady, a sign of the recovering housing market, but as john reports, in one bay area community, the supply of homes on the market is as tight as can be. >> tuesday's in walnut creek are normally reserved for real estate brokers to tour each other's available homes, but today the inven
new bill o'reilly.com poll question for you. do you believe president obama and the republics will reach budget deal before automatic tax increases are triggered? do you believe that will happen? yes or no. next the factor at this point of the day. a nice christmas gift that will cost you nothing. nothing. the tip 60 seconds away. >> the factor tip of the day. in a moment, a great christmas gift that costs nothing. just a few more days until we have to stop. if you buy any of my three best sellers, i can sign them for you but just until monday because we have so many orders. signed books make unforget i can't believe gifts and they're not expensive so you become a premium member, they're less expensive because you get any one of those books free of charge, your choice. check out mugs and other gear which make folks happy. the mail. bill, please, no more federal gun laws. these are local and state issues. i get a lot of mail like that, james. i disagree with you. the feds have an agency investigating farm violations and the states don't have the resources to support mandatory p
. if convicted, he faces life in prison. president obama will travel to detroit on monday for a fight for the fiscal cliff deal that include as tax increase for the rich. he met with business leaders in washington d.c. and he is aware that some republicans may be willing to raise tax revenues. but he warped the gop not to pick another fight on the debt sealing. he was can dade -- death ceiling and he was can -- he was candid. >> this is the top 2%. includes all of you, yes. >> i believe there is a purpose to put revenues on the table. >> house speaker boehner countered the president's proposal without raising individual tax rates. the republican plan also includes 600 billion in spending cuts to federal healthcare programs and increase in the eligibility age for medicare. >>> a san francisco blogger and activist is in hot water of a photograph after political opponent. michael petrellis took this of scott weaner last year in a pact room. >> he tried to take a picture of him at an urinal. and today, he pleaded not guilty to misconduct. he wants it to be made as part of the from. >> we
or 80 points at noon as president obama said he was trying to make a deal on the fiscal cliff by christmas. that's what the market wants to hear, they want a date. then we had a little bit of move towards the close as we heard qe-4 may be coming at the next fed meeting. that would be no surprise. we've been talking about that for a while. take a look at housing stocks. they did not participate in the rally. unusually down beat news here from the october new home sales. september revised to the downside as well. i think the problem here is the inventory of new homes is very limited right now in a lot of parts of the country. that limited the up side. retail stocks had a good day. express had positive comments as well as american eagle. >> thank you, bob. labor making its voice heard on the fiscal cliff. we're going to speak with the head of the service employees international union, seiu. they're hot on protecting social security, medicare and medicaid from any cuts in the friscal cliff negotiations. >> ceos meeting with president obama at the white house. that pow wow kicking
hope is to get this done before christmas. >> president obama saying what americans all hope for. a fiscal hilltop deal. before time runs out, i renamed it that, and both sides can make it happen. tavis smiley, his new book is "the rich and the rest of us." bring it altogether for me, is this about powerball, fiscal cliff, where are we with all of this, tavis? this is the increasingly impoverished in america, and then you have this washington battle that appears intrangient as it has ever been. meanwhile, the debt rises to $16 trillion. >> i hoped that the president would say this, he has not, as yet. and i'm not holding my breath any longer, giving the clip you just showed. but the short answer, fiscal cliff is really just a masquerading of austerity, it is austerity in disguise. and the president and those of us who care about the future of this country in terms of this gap between have gots, and have notes, this is just austerity, they want to now basically scare those americans who are already on the short end of the stick with this conversation about a fiscal cliff. when the
. so i think obama really does need to get a deal as well and i think if the republicans and the democrats could get a deal that is acceptable to both i would be very happy, and then obama owns the economy in 2013, and 2014 and then we'll see in the off year elections whether he can keep it. and then we'll see what happens in 2016. martha: erskine bowles made comments about how to put together a deal an basically looked at where the numbers are and he said you have to trim both sides a little bit. he said i see room if here for a deal. do you recommend that kind of compromise, and would it need to involve, in your opinion, only bringing money into revenue through eliminating tax loopholes and not through raising rates? >> what i would like to see done, i'd like to see us lower rates and broaden the base just like the simpson-bowles has it. i would like to see the 1986 tax act then i would love to see spending reductions. you know, a low rate flat tax is not only fair, it's also efficient, it creates prosperity. it's worked every single time and that's what they should do.
obama know that they are dealing with a republican-controlled house and whatever deal is found here, if one is found, is going to require negotiation and compromise. but everything we're seeing from the white house and president obama in his messaging and in his trip to pennsylvania on friday suggest that they believe they have the upper hand. they want the negotiations to begin with the allowing the tax breaks for the wealthiest americans to expire. and as doug said, it's true ta public opinion is on their side. public opinion overwhelmingly favors getting rid of the tax breaks for the top 2%. so i think what the white house believes is that the compromise and other areas. not on that topic. >> i want to move on to our next topic, which is burning questions. i'm going to pull a line if the latest article. the quote is some lawmakers will even be greeted with revelers singing politically themed christmas carols in the coming weeks. here's my question, what do you mean? >> that was an article about what some of the liberal groups that support the white house are doing to help push hi
, a connection your whole house can count on. ♪ forget the black friday hype - when and where the best deals will happen. in today's cover story, president obama opens the white house doors to small business owners. stick around for the inside scoup. plus, will it be in or out for groupon's founder? and, why one trader is buying costco in bulk. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, november 29th. i'm angela miles. in today's first look: the president obama / congressman boehner bounce: after struggling through the first half of the session, the dow made a triple-digit turnaround, going from red to green on upbeat budget comments from washington. gold took a hit, while oil slipped a bit. regulators are pushing off the final draft of the volcker rule into next year. the rule limits the ability of banks to trade stocks, options, commodities, and more. aaa predicts gas prices for the year 2012 will be the most expensive ever. the national average is $3.63 per gallon, topping $3.51 in 201
tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real problem is the republican
: there is a lot of relevancy to that because who won the presidential election? president obama. he's holding the cards right now and if, in fact they do go over the cliff will he actually be true to what he said before, which is let's do this short-term deal now, even though it's really not a deal, it's a one-sided deal and then after get over the fiscal, then we'll sit down and actually talk some serious business. but has that really been done in the last three or four years? do you really believe that they will talk serious business, which would include both sides of the fence tax increase potentially, and spending cuts? do you believe that they'll actually do that? >> steve: you know what? charles krauthammer in his column today writes about once upon a time, ronald reagan took that deal where the democrats said okay, let's get a deal now and then we'll talk about cuts later. he never got the cuts and he always was remorseful of the fact that he didn't get the cuts when he made the deal. >> gretchen: the other stories
revenue. here is what happens if obama drives us off the cliff. that 82 billion in higher taxes with the top 2 percent, add to that, we don't want to leave anybody of of this deal, $223 billion. now, do you suppose there is a reason that president obama likes to all the talk about those tax hikes, the top 2%? i wonder why. could it be that he wants to draw attention away from the 400 -- let's do that right here, 400 -- $4 billion projected by the congressional budget office, $494 billion of obamacare taxes that will hit not the 2%, not the 98%, but the middle-class, and they start hitting on january 1st, and it does not matter whether we go over the cliff for not. if you have not heard about those tax hikes, perhaps it is because the mainstream liberal media for some strange reason does not want to talk about the inconvenience impact of obama taxes on our middle-class. >> the bill is passed. lou: the house passes the stem emigration bill. some democrats call it racist and pandering. how is that? and republicans also introduced the achieve act. other republicans taking the lead o
optimism for a deal seems to be fading. steve is live in washington with more. >> reporter: one month away from that so-called fiscal cliff. there appears to be very little movement toward any kind of deal. president obama is using the bully-pulpit to appeal to the american people to push for immediate action to push the tax cuts for everybody except for those earning more than $250,000 a year. in his saturday address, he stressed the urgency of the situation. >> if congress does nothing, every family will see their income taxes automatically go up at the beginning of next year. a typical middle-class family of four will see income taxes rise by $2200. we can't let that happen. a families can't afford it and neither can our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the fu
the president in the room because m end this is a deal that will have to really be agreed to by the republican speaker of the house john boehner and the democratic president in the white house, barack obama. in the end that's where the deal is going to come. we're going to have to get his guys to vote with him, as well as nancy pelosi, who is the democratic leader. kind of pushing from what he wants. there were a lot of republicans who were not 5u8 that pleased with it saying he ought to be back here. there were some democrats that thought she -- right now where are we? we are almost a month after the election, the fiscal cliff we've been talking about since this summer. they put it off until after the election, and we're now a month past it, and we are finding that democrats describe the two sides as very far apardon. >> absolutely. one guy who has been pretty busy is treasury secretary tim geithner. i know you're going to have an interview with him on your show this morning. we look forward to that, candy. nice to see you on this sunday. >>> keep it here for "state of the union." it starts i
been discussion from obama's point of view maybe its easier for them to do that, and make a few deals that looks like you're cutting taxes rather than supporting revenue hikes. >> eliot: we've all been watching the kabuki dance playing out here, and the politics of this that obviously john boehner needs to go to the map and say we will not let marginal rates increase. the president needs to take the opposite perspective but we know the deal is easier to construct as we get closer to december 31st, and they can make the tax changes effective january 31st. and when everything becomes a tax cut rather than maintaining some sort of increase. >> eliot: absolutely. but no one wants to be seen recklessly driving it over the cliff, especially if you see impacts in the economy which i think are less likely, but also if you see impacts in the markets. one of alan greenspan's innovations i would say is that he saw the stock market and the economy as one and the same. if you saw it going down, you had to fix it. what we've seen over the years when there are big problems in washington and unpredic
. president obama has said any deal must raise taxes on the wealthy. without a compromise automatic tax hikes and spending cuts are scheduled to take affect game refers. >> official have put billions of dollars into jumpstart and repairs to make a livable after superstar on sandy left a daunting toll of damage in the nation's largest city. the nyse rabbit ears program aims to get people back into their own homes not tipperary housing. federal and city officials see it as an innovative answer to this challenge of the housing dollars of storm victims. the program since contractors to restore power, he, and other essential free of charge. contractors have done the initial assessment of about 7000 homes in new york city and 2000 homes for similar initiative on long island. so far only about 400 homes had been completed. >> mitt romney has a job again he is returning to the board of directors at marriott international hotel. he has been on the board twice before but left to run for political office. army has kept a low profile since the election spending time with his family at their california ho
week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepects of the economy going over the fiscal cliff
the rates on the top 2% go up. we're not going to be able to get a deal without it. >> president obama draws a hard line on taxes. >> republican and the white house both have offers on the table on how to resolve the nation's fiscal cliff crisis. >> we wasted an enormous amount of time here, sparring back and forth in public. it's a good time to get serious. >> let's just go over the [ bleep ] cliff. because you know why? at least for a few seconds, it will feel like we're flying. >>> this morning, police are questioning a man in that deadly subway push. they say he has implicated himself in the crime. >>> duchess of cambridge is continuing to feel better. >> australian radio station was able to pose as the queen, get information on the phone about kate's health. >> want to see how her -- >> she is sleeping at the moment and she has had an uneventful night. >> mohamed morsi under siege after 100,000 protests in the streets. >>> l.a.'s mayor has announced an end to an eight-day strike at the largest port complex. >>> best man's friend is learning a new trick. how to drive a car. get off the r
t. this is dealing second gang cide.omo side we are told a gang unit will be .ctive detectives will be putting out nip thiswell to try to violence in the but. bud. brad bell, abc 7 news. >> president obama has made a r that there will be no deal tax hikeis no higher on the wealthiest 2% of americans. republicans are gathering to afters their next that the president shot down their proposal. our senior clinical reporter, scott thuman, has been following the story. our senior political reporter, scott thuman, has been following the story. he will have more at 6:00. doug hill has more on the weather. this may be a visit from old for a few days. let's get you started. 82 degrees right now. the d two degrees up road at the 52 degrees up the road at washington-lee high school. temperatures falling into the 50's.nd if h still hang onto 60 degrees in fredericksburg. temperatures running colder. 21 degrees colder in cumberland. these are the wind speed at the top of the hour. 10, 12, and 15 miles per hour. winds will diminish later . temperatures will drop .uickly into the 40's tomorrow
environmentalist is saying it is dead wrong. gop version of blood vessel over the president obama's fiscal cliff proposal. is it that much of a raw deal as they claim? we'll break it down. do you ever have too much money or too many big macs? ♪ it's a new day. if you're a man with low testosterone, you should know that axiron is here. the on underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied asnexpected signs of puberty in chiren or changes in body hair or increased acnen women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or bast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; problems breathing while sleepi; and blood clots in the legs. c
over the president obama's fiscal cliff proposal. is it that much of a raw deal as they claim? we'll break it down. do you ever have too much money or too many big macs? ♪ ♪ . melissa: the idea of u.s. energy independence may be music to your ears but is fracking the way toet there? a new report fm the food and water watch, says if that i what you think, think again. they say the real answer is investing in renewable energy because increasing prucon of natural gas will only continue dependence on fossil fuels. we have a the environmental thast that is big defender of fracking. he tells us why it is a key to the energy independence. thanks for coming back on the show. >> thank you for having me back. melissa: what do you think about fracking is evil? are you convinced? >> no. they're making two different claims. one is energy independence essentially we're more robust against disruptions from our supply. there are two ways to think about it. if you're worried about disruptions, go to coal that is not what anyone is suggesting. instead we should go for cheap gas. even then if yo
the briefing now. he'll face questions on whether president obama this is spending cuts should be part of that deal. he has previously said it was on the table. now he is saying this is all about tax hikes on the rich period. w-pd to thwhat happened to the spending cuts? we will have a live update from the white house a little later in the show. we will be monitoring this. another story developing in washington right now in a new round of senate meetings for u.n. susan rice. she is going back after yesterday, it didn't go so well, she is going back. she will answer questions about the white house response to the consulate attack in benge, libya on 9/11 of this year. many political observers think she is trying to win supporters for a possible nomination of secretary of state. she would have to be confirmed in the senate. senator bob corker earlier said miss rice's statements may prove she is too political. the meeting between susan collins, she expressed concerns too. she is not known as a republican fire brand but she expressed concerns. these meetings come a day after three top repub
getting a deal before the new year brings automatic tax hikes and spending cuts. president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. the journal "politico" reported he's urging colleagues to extend middle class tax cuts but allow tax rates for top earners to rise for now. that's what the president wants, but republican leaders have called for raising revenues by closing loopholes and capping deductions. and this morning, house speaker john boehner said he'd reinforced that position to congressman cole. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not
've merged hoping a deal could be struck to avoid the fiscal cliff. in another meeting president obama said he believes the framework for a deal could be in place before christmas. >> i'll go anywhere and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now is the time for us to work on what we all agree to which is let's keep middle class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media. it has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag many2k. not y2k. >> i think the twitter hash tag is the thing that's going to push us into the promised land. >> i was incredibly encouraged about the hash tag. i have been impressed and then suddenly s
and real irony is going to be the ultimate deal's going to look like the obama boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could get the spending that went with it. there are some in the republican party like congressman tom cole congress them saying let's just do that. let the rates go up for those at the top, then wait and negotiate. is there anything about that that you think could make sense? >> that's not a negotiation. the president's not going to then lower those rates. >> that might be a capitulation. >> yeah, it is a capitulation. the president thinks he's got all the cards. the republicans position improves at the beginning of the year and frankly, there are a number of people coming back, people who contributed to this mess and i'm not sure as
middle income tax cut to the floor. >> reporter: later on today president obama will say that any deal reached in congress must include increased tax rates on the wealthiest americans. he will say that at a factory in hatfield, pennsylvania, where the company connects, makes tinker toys. that is company the white house picked for today's event because they rely on the middle class consumers who would be affected if we go off the fiscal cliff. martha. martha: that will be a major sticking point it sounds like. peter, thank you very much. bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high i
this early battle unfolds. if mr. obama can cement a bipartisan deal to his liking many believe his approach to the negotiations could serve as template for tackling major issues that could play out over the next four years. yet for many other democrats, especially those in the party's liberal wing, any sense he capitulated could signal he can be rolled by republicans. let's get into a fair and balanced debate. matt sclhapp worked for president george w. bush. and debbie dingell, vice-chair of al gore's campaign in michigan in 2000. debbie, let's start with you. john boehner, speaker of the house, came out the day after the election and said okay we'll put revenues on the table. we will raise taxes but want to do it by limiting deductions. we don't want to raise rates. no real response on that from the president's team. isn't that kind of an olive branch? >> look, i think that democrats and republicans at a senior level understand we can knot go over the fiscal cliff. i think there's a lot of positioning, a lot of posturing. quite frankly sunday talk shows may have even made me a little edgy
is at when the ball drops. president obama rejected speaker boehner's $2.2 trillion plan saying there's no deal without tax hikes for the wealthy. in an interview with bloomberg news warned about gamesmanship hurting the economy. >> i think america is poised to take off. and the question is, let's make sure we don't have a self-inflicted wound because there are silly games played up on capitol hill. >> let's bring in our wednesday gaggle. non-dcors. i'm curious what you think. nancy gibbs, deputy managing editor for "time" magazine and director editor of msnbc david wolfe. he's a new yorker now. eroll, let me start with you. watching what we're doing down in washington, does anybody outside of washington care? >> very much so. very much so. >> new york is paying attention because of all you wall street people. >> wall street and the defense cuts. there's a lot riding on it and a lot as far as people's preferences. the state votes for the president, the state votes for a president who said he was going to do certain things. you sort of wanted to see him at least get it done, get a clea
from you. >> obama and reid and nance than plan to spend a great deal of money they did, then they asked to come back and ask republicans to put their fingerprint on a tax increase to validate hire level of -- a higher level of spending, whether they turned and asked the republicans would they please, as they were willing to in '82 and '90, raise taxes so the democrats could spend all of the money, the democrats said no, they said no several times, and they said, no, no, people said why,ome republicans said, i made a commitment to my voters, in writing not to raise taxes, behind closed-doors you can give somebody goodies but you cannot undo a commitment they make in writing to their voters, they decide since atrshares that pledge with all candidates, republicans and democrats, maybe if they attack me, that would make the pledge go away. the problem is, as handful of congressmen as you point out, know they say, well, i would like ta raise taxes, and they look at me like i'm going to tell them it's okay? don't talk to me. neil: here is my theory, i think there is more to i
have to love that it is friday. i am melissa francis. lori: i am lori rothman. president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quart
for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal - [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cliff and then a month or six months later the republicans pull the same game as they did before and say we aren't going to agree to increasing the debt ceiling. i agree with the president. it has to be a package deal. what was your other question? [inaudible question] >> there are things we have already taken care of, the first of april and take a look at that stuff. that's not essential. [inaudible question] >> we can't do anything with the disaster aid package and i'm told it will be tomorrow or the next day. [inaudible question] >> republican, ok. you said what's holding it up? i said republicans. talk to the republicans. it's up to them. [inaudible question] >> i have said on a number of occasions the internet poker bill can move forward if we get 15, 17 republican votes. this stage, we have gotten none. >> you talked to the president over the weekend.
toward a deal, i think you'd see president obama meeting with these leaders in congress as opposed to cabinet aids. i'm hearing democrats still pressing the case. they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the cake. all right make that metaphors and pun its. we'll be light back. [ male announcer ] this is karen and jeremiah. they don't know it yet but they're gonna fall in love get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married they'll fi
. if there was actually a movement toward a deal, i think you'd see president obama meeting with these leaders in congress as opposed to cabinet aids. i'm hearing democrats still pressing the case. they're still making the argument that they want to raise taxes on that small percentage of americans. the white house has not put forth any specifics. depending how the president secretary goes, there is miles of space in between the two sides on this one. >> all right. one of my favorite reporters juana summers with politico. thank you for joining us. >> up next, it has several layers. the story on the outside is far different than the inside. yes, as far as metaphors go, the saga of the twinkie takes the >> as we reported, hostess went bankrupt after it was unable to resolve a labor dispute with unionized workers. the bakers union is fighting to make sure its voice is heard in the bankruptcy proceedings. it wants to make sure its members get what they're owed in pension payments and other promised benefits. the union has asked the judge overseeing the bankruptcy to appoint a member of the union to a group of
, social welfare programs, diane, such as medicare. but president obama today said he expects there will be a framework for a deal in the next couple of weeks and he hopes there will be a deal by christmas. and market analysts said a 100-point bump in the dow today was because of those optimistic comments by the president and similar ones by speaker boehner. diane? >> all right, negotiations under way. thank you so much, jake. >>> and we learned today that two arch rivals are about to sit down for lunch tomorrow. the president has invited governor mitt romney to join him in the private dining room at the white house. in recent weeks, we've only had rare glimpses of governor romney -- pumping gas. there he was. at disneyland. and enjoying thanksgiving in his kitchen. tomorrow, we are told that lunch with the president will not have any press present. >>> and now, we have startling new details about the fire that killed more than 100 workers trapped inside their factory in bangladesh, making clothes for a lot of american companies. abc's chief investigative correspondent brian r
a phony deal. >> why are you so pessimistic? before i come back to senator hutchson, obama started out pretty conciliatory. you're very pessimistic, neil. >> obama came to the table with 1.6 trillion in tax increases and no spending cuts. he seems very confident he can bum rush them into a bad deal. i think that's because there's a sense out there, probably from the last two times these guys tangled, that the republicans are unwilling to in this case to allow themselves to go over the cliff. if you're in a negotiation where your opponent knows that you're unwilling to have that kind of aout come then they've got you right where they want you. i feel like obama thinks he's got the republicans right where he wants them. >> senator hutchson, the republicans were on the short end of the election to be sure. the point i'm making, your leader, senator mcconnell, came out with a pretty good reform planned to regarding medicare for example. i thought that was a very sensible entitlement reform. then he said we can talk revenues. why can't the gop go down that road, get house speaker boehner on
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